Vimeo
LinkedIn
Instagram
Share |

dubai

March 22, 2010

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA)

Tawhid, Tawfique and Tamjid Abdullah, the second-generation brothers who run family-owned jewellery group Damas, have been fined for withdrawing unauthorised funds and forced to resign from the board of the company by the Dubai Financial Services Authority (DFSA).
 

December 9, 2009

It's impossible to pick up a paper anywhere in the world without encountering news of the debt drama in Dubai, where family businesses dominate the economic landscape, writes Amy Schuman

Amy Schuman is a principal of the Family Business Consulting Group and a founding facilitator of the Next Generation Leadership Institute, part of the Loyola University Chicago Family Business Centre. 

November 30, 2009

The latest hiatus in the world’s financial markets brought about by Dubai’s current debt crisis is clearly a concern to family investors in the region, but it should be viewed as good news, the CEO of a leading family office in Abu Dhabi exclusively told www.campdenFB.com.

The latest hiatus in the world's financial markets brought about by Dubai's current debt crisis is clearly a concern to family investors in the region, but it should be viewed as good news, the CEO of a leading family office in Abu Dhabi exclusively told www.campdenFB.com.

"It should be a catalyst for change in the right direction," he said. "This crisis will underline the importance of good planning, solid corporate governance frameworks and transparency."

October 13, 2009

The family-controlled jewellery group, Damas International Limited, has announced that second-generation Tawhid Mohammed Taher Abdullah has resigned as its chief executive and managing director.

The family-controlled jewellery group, Damas International Limited, has announced that second-generation Tawhid Mohammed Taher Abdullah has resigned as its chief executive and managing director.
 

February 10, 2009

Saudi Prince Saud bin Mansour is to open a single family office within the Dubai International Financial Centre (DIFC).

Saudi Prince Saud bin Mansour is to open a single family office within the Dubai International Financial Centre (DIFC).

Novaar Ltd, which is due to formally open within a month, will be a dedicated investment management and advisory platform for the Prince and unspecified members of his family.

"I am very pleased to expand the initiatives of my private investment office to DIFC," said the Prince, who was advised in establishing Novaar by Germany-based family office Harald Quandt Holding.

October 24, 2008

Family-owned Unitra METS Group, a $160 million specialty beverage distributor based in Dubai, has sold a majority stake of its business to ADIC MENA Partners, a private equity fund managed by the Abu Dhabi Investment Company.

Family-owned Unitra METS Group, a $160 million specialty beverage distributor based in Dubai, has sold a majority stake of its business to ADIC MENA Partners, a private equity fund managed by the Abu Dhabi Investment Company.

"We are very proud of our success in building Unitra METS into one of the UAE's leading specialty beverage distributors and look forward to expanding the business regionally with the support of our new partners at the ADIC private equity fund," said Najib Al Zarooni, chairman of Unitra METS Group.

March 27, 2008

An Australian family firm is selling part of its horse training and breeding business to Middle Eastern royalty.

An Australian family firm is selling part of its horse training and breeding business to Middle Eastern royalty. Through his global thoroughbred breeding operation Darley, Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, has purchased the Bloodstock operation of Inghams Enterprises for an undisclosed sum. The sale includes all the Bloodstock training stables in southern Australia.

January 1, 2007

Despite the political and social problems in the Middle East, Dubai appears to have carved itself an untroubled niche, where foreign investors and residents are able to live and do business with the rest of the world in peace and security. David Nicholson reports

David Nicholson is a freelance journalist based in London.

Despite the political and social problems in the Middle East, Dubai appears to have carved itself an untroubled niche, where foreign investors and residents are able to live and do business with the rest of the world in peace and security. David Nicholson reports

Property developers and businesspeople in general have been amazed at the rapid growth of Shanghai over the past few years, as giant office and residential buildings have risen from the ground.

January 1, 2005

Supporters of family business come in various guises. So who would have thought a vociferous critic in Dubai would qualify?

Scott McCulloch is editor of Families in Business

Click here >>
Close